Low exchange stablecoin ratio hints at strong Bitcoin demand
The exchange stablecoin ratio measures the balance between stablecoins held on exchanges and Bitcoin. When this ratio drops sharply, it usually signals a reduction in the amount of stablecoins available on exchanges compared to Bitcoin reserves. It often reflects growing demand for Bitcoin, as traders either convert stablecoins into BTC or withdraw them from exchanges […]
The post Low exchange stablecoin ratio hints at strong Bitcoin demand appeared first on CryptoSlate.
The post Low exchange stablecoin ratio hints at strong Bitcoin demand appeared first on CryptoSlate.
4
Sep
2024